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Xinsteel: International Steel market Review and Outlook of 2013
Source:Xin Steel Industry   Date:2013/01/02

Influenced by the structural adjustment of China and the European debt crisis, the global steel market in 2012 overall downturned.  U.S. performance is relatively bright, the downturn in the Asian market and the worst performance in Europe. Looking ahead to 2013, benefiting from the recovery of the real estate industry, the U.S. economy will continue to grow, the demand for steel remains strong, the industry is expected to continue to boom. Although the European debt crisis has eased,the alarm has not been discharged, expected the limited space of the European steel demand growth in 2013, the market will be the modest gains, steel mills operating environment is still very poor.China's economy is expected to revivable and Southeast Asian will continue to maintain a rapid growth in 2013, these two regions will drive the demand for Asian steel industry to be improved markedly in 2013 and will have a more substantial increase in the market price, the steel mill's profitability has improved remarkably. Judgment on the whole, due to the economic upturn, the global steel demand growth would accelerate and capacity utilization.In 2013,the global steel market will show rising trend in both volume and price.

 

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